Question

The Indian Institute of Corporate Affairs (IICA) had signed MoU with which Payments Bank to provide training on payment banking? [JAN 2018]

• A. Paytm Payments Bank
• B. Airtel Payments Bank
• C. India Post Payments Bank
• D. Fino Payments Bank

Answer 1

Answer: (C)

India Post Payments Bank

The India Post Payments Bank (IPPB) had signed a Memorandum of Understanding (MoU) with Indian Institute of Corporate Affairs (IICA) to offer relevant training to the employees on issues pertaining payment banking. Under the agreement, IICA was entrusted with the key responsibility of capacity building of IPPB through training of its officials/employees besides providing research support by instituting Research Chairs in the emerging area of payment banking. This joint venture is expected to enable the massive network of post offices with the ability to effectively deal with Financial Inclusion.